South Korea’s birth rate fell to a record low again

South Korea has the lowest birth rate in the world. Since 2018, the ratio of one child per woman in South Korea has started to drop.

According to figures released by the South Korean government last Wednesday, the birth rate at the beginning of 2021 was only 0.81, a decrease from the previous year (0.84). This is the 6th year in a row that the birth rate has declined.

This is almost 2 times lower compared to the average birth rate of 1.6 in other leading economies. Countries need at least 2 births per household to maintain their current population (not including migrants).

In South Korea, in the early 1970s, the average number of children per woman was 4, but in recent generations, family sizes have become smaller. Health care due to population decrease There is pressure to increase public spending, such as pensions. In addition, the decrease in the number of young people may cause a shortage of labor force and affect the country’s economy.

Since 2020, the death rate has been higher than the birth rate in South Korea. High real estate prices; high cost of living; Experts estimate that married couples will be reluctant to have children due to factors such as the Kovid-19 epidemic.

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